What is the role of power in the economy (and in economics) according to institutionalist economists Thorstein Veblen and John Kenneth Galbraith. Please explain in length. ANSWER:

Institutional economics, referred to by some as institutionalist political economy, concentrates on comprehension the part of human-made foundations in forming monetary conduct. In the mid twentieth century, it was the fundamental school of economics in the United States, including such popular yet differing business analysts as Thorstein Veblen, and John R. House. Institutional economics is worried with the social frameworks, or organizations, that compel the utilization and trade of assets (products and administrations) and their results for monetary execution. Galbraith was an imperative figure in...